Market
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NYC Slate Lien Sale for May
Four years later, the lien sale is back. Nearly one year ago, with very little fanfare, the City Council reauthorized…
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Rent-stabilized CMBS Distress Doubles In Two Years
Rent-stabilized distress, long tied to local banks, is now hitting CMBS. The impact underscores that pains are radiating, exposing a…
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Tal Alexander, Official Sued Over Soho Penthouse Rental
The owners of a Soho penthouse are suing Tal Alexander and Official Partners for allegedly defrauding them of roughly $400,000. …
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Penthouse Buyer at 520 Park Accuses Zeckendorfs Of View Fraud
The owner of the last penthouse to sell at 520 Park Avenue is having buyer’s remorse. The buyer, identified as…
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Modern Townhouses Top Brooklyn Luxury Contracts
It was a good week in Brooklyn for sleekly designed townhouses from the early 2010s. Both of the borough’s top…
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Developer Sues After Bank Refuses Keys of Regulated Asset
A lender is allegedly refusing to take back the keys of a rent-regulated building in Harlem, showing how low that…
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Park Avenue Offices Surge Above Competition
Park Avenue is no longer just a prestigious residential destination — it’s filling up office desks, too. The avenue’s Midtown…
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Central Park Tower Tops Manhattan’s Luxury Market
Gary Barnett’s Central Park Tower ruled Manhattan’s luxury market last week. A full-floor condo on the building’s 116th floor, asking…
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Rent-Control Building Minimizing Losses, Not Maximizing Profits
A closer look at a rent-control drama in Washington Heights reveals the landlord is not shaking down a little old…
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Developers Adapt to 485x and a CMBS Rebound
With a new tax abatement program, developers are testing out a novel approach in New York City: avoid triple-digit units. …
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